Low Rates, High Stakes: Understanding the Why Behind Massive Penalties in Your Future
In today’s ever-changing economic landscape, the environment for mortgage rates is akin to a roller coaster ride. The recent dip in bond yields has led to a decrease in fixed rates, making it an interesting time for those navigating the real estate market. However, predicting the direction of these rates has become increasingly challenging, especially considering the past year’s excessive increases in both fixed and variable rates.
How Technology Transforms Your Mortgage Experience
In the hustle and bustle of today’s world, we understand that time is precious, and convenience is key. If you’re searching for a new home, thinking about refinancing or approaching renewal, we’ve got great news for you
Navigating Uncertain Times: Why You Need a Mortgage Broker
Inflation has become a pressing concern in Canada, causing anxiety among businesses, consumers, and policymakers. The rising prices of everyday items, like groceries and gasoline, have left many Canadians feeling the strain of this broad-based inflation. As we face these uncertain times, it is crucial to understand the implications and seek guidance to protect our financial interests. This is where a mortgage broker can be your trusted ally.
Purchasing New Construction May Help You Increase Your Down Payment By 10%
Purchasing New Construction May Help You Increase Your Down Payment By 10% Buying a home can be a daunting experience, especially if it’s your first time. One of the biggest challenges for many first-time homebuyers is coming up with a down payment. However, with the First-Time Home Buyers Incentive, eligible homebuyers can increase their down […]
Did you get your mortgage in 2020? Pay close attention to your renewal date.
The Canadian housing market experienced an unprecedented boom in 2020, marked by record-breaking sales across the country. While this surge in real estate activity brought joy to homeowners and investors, it also set the stage for a potential payment shock for mortgage holders in the coming years
Is It Crazy To Consider A Variable Rate In Today’s Market?
When considering a mortgage, one of the biggest decisions you will make is whether to go for a fixed or variable rate. A variable rate mortgage can offer flexibility and potentially lower interest rates, but also carries the risk of interest rate increases.
How to Kick Your Adult Kids Out of The Home
It has become apparently harder for the younger generation to purchase their first home. With the interest rates and stress test, and lets not forget the price of homes, entering home ownership isn’t easy. However, there has been a trend over the past couple years – what we call the Bank of Mom and Dad.
The Life of a Deposit – From Realtor to Close
Your deposit will start at the listing brokerage, held in trust. Not to worry these accounts are regulated and audited. The money held in these accounts does not go toward the brokerage’s overhead expenses.
5 Tips to Get Pre-Approved for a Higher Loan Amount
Your debt-to-income ratio measures your outstanding debts to your monthly income. If the percentage of your committed income is too high, you might not qualify for the mortgage amount you want.
